By Reshmi Basu
New York, Dec. 20 - Magma Nusantara Ltd. sold $150 million 10-year secured bonds at par to yield 12½% on Friday, according to a market source.
The coupon may step down to 11½%.
Deutsche Bank was the bookrunner for the Regulation S transaction.
Magma Nusantara, based in Jakarta, is an Indonesian developer of geothermal projects.
| Issuer: | Magma Nusantara Ltd.
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| Amount: | $150 million
|
| Issue: | Secured bonds
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| Maturity: | Dec. 20, 2015
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| Coupon: | 12½% (may step down to 11½%)
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| Issue price: | Par
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| Yield: | 12½%
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| Call option: | Callable on Jan. 19, 2006 at par
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 20
|
| Bookrunner: | Deutsche Bank
|
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